§ 24-5-111 - Credit for prior service with public employer. - Arkansas Statutes

State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-5 > Subchapter-1 > 24-5-111

24-5-111. Credit for prior service with public employer.

(a) Any employee of the Arkansas State Highway and Transportation Department who became a member of the Arkansas State Highway Employees' Retirement System on or before July 1, 1967, upon application and submission of proper proof to the Board of Trustees of the Arkansas State Highway Employees' Retirement System, shall receive prior service credit for any service rendered to any public employer, as defined in 24-4-101, prior to July 1, 1967.

(b) Before any member or employee is credited with such prior service, the member or employee shall pay into the system an amount equal to that which the member would have paid had the service to be credited been performed for the department, together with such interest as may be prescribed by the board.

(c) It is the purpose of 24-5-110 and this section to protect employees and to provide that employees will not lose their status or retirement benefits by changing employment from one (1) state department to another state department and that employment by the Arkansas State Highway and Transportation Department and other departments shall be cumulative in calculating retirement benefits.

State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-5 > Subchapter-1 > 24-5-111

24-5-111. Credit for prior service with public employer.

(a) Any employee of the Arkansas State Highway and Transportation Department who became a member of the Arkansas State Highway Employees' Retirement System on or before July 1, 1967, upon application and submission of proper proof to the Board of Trustees of the Arkansas State Highway Employees' Retirement System, shall receive prior service credit for any service rendered to any public employer, as defined in 24-4-101, prior to July 1, 1967.

(b) Before any member or employee is credited with such prior service, the member or employee shall pay into the system an amount equal to that which the member would have paid had the service to be credited been performed for the department, together with such interest as may be prescribed by the board.

(c) It is the purpose of 24-5-110 and this section to protect employees and to provide that employees will not lose their status or retirement benefits by changing employment from one (1) state department to another state department and that employment by the Arkansas State Highway and Transportation Department and other departments shall be cumulative in calculating retirement benefits.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-5 > Subchapter-1 > 24-5-111

24-5-111. Credit for prior service with public employer.

(a) Any employee of the Arkansas State Highway and Transportation Department who became a member of the Arkansas State Highway Employees' Retirement System on or before July 1, 1967, upon application and submission of proper proof to the Board of Trustees of the Arkansas State Highway Employees' Retirement System, shall receive prior service credit for any service rendered to any public employer, as defined in 24-4-101, prior to July 1, 1967.

(b) Before any member or employee is credited with such prior service, the member or employee shall pay into the system an amount equal to that which the member would have paid had the service to be credited been performed for the department, together with such interest as may be prescribed by the board.

(c) It is the purpose of 24-5-110 and this section to protect employees and to provide that employees will not lose their status or retirement benefits by changing employment from one (1) state department to another state department and that employment by the Arkansas State Highway and Transportation Department and other departments shall be cumulative in calculating retirement benefits.